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Korea Times says: Stricter US Accounting Rules Pinch Companies

Posted By claudia On 11th September 2006 @ 17:21 In News, SOX, Asia | No Comments

South Korean firms listed on U.S. exchanges are facing growing costs due to stricter accounting rules and some of them consider leaving the markets, according to Financial Supervisory Service (FSS) yesterday.

Not only Korean but also many other non-U.S. firms saw costs to maintain their listing on the U.S. markets rise after the implementation of Sarbanes-Oxley Act, according to FSS official Jung Young-won.

[1] Here is the story.

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URL to article: http://www.sox-center.com/2006/09/11/korea-times-says-stricter-us-accounting-rules-pinch-companies/

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[1] Here is the story.: http://times.hankooki.com/lpage/biz/200609/kt2006091118152511890.htm

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